An increase in recent wage inequality can be explained by
A)outsourcing the manufacturing of goods.
B)a higher supply of skilled workers.
C)wage discrimination.
D)skill-biased technological changes.

Question

Quizplus · Accepted Answer

Skill-biased technological changes refer to advancements in technology that primarily require workers with specialized skills and education. This has led to a higher demand for skilled workers, resulting in higher wages for those workers, while workers without these skills experience stagnant or even declining wages.

An Increase in Recent Wage Inequality Can Be Explained by